Ondas Holdings Inc. (NASDAQ:ONDS – Get Free Report) shares were up 22.7% on Thursday . The company traded as high as $13.78 and last traded at $13.25. Approximately 244,621,829 shares were traded during trading, an increase of 188% from the average daily volume of 84,870,508 shares. The stock had previously closed at $10.80.
Key Headlines Impacting Ondas
Here are the key news stories impacting Ondas this week:
- Positive Sentiment: Ondas said it secured more than $30 million in new orders during May, bringing second-quarter-to-date orders above $110 million across its defense, security and autonomous technology businesses, reinforcing demand and execution. Article link
- Positive Sentiment: Shares are benefiting from a broader drone-sector rally after reports that the Pentagon and Trump administration are considering funding or backing domestic drone makers to accelerate U.S. drone production. Article link
- Positive Sentiment: Oppenheimer reiterated a buy rating, helping extend the recent rally as investors interpreted the analyst support as confirmation of Ondas’ defense-drone opportunity. Article link
- Neutral Sentiment: Trading activity was unusually heavy, including a surge in call option volume, suggesting speculative interest and expectations of continued volatility rather than a fundamental update by itself. Article link
- Neutral Sentiment: Commentary pieces framing Ondas as a beneficiary of a “new era of defense” and the broader drone investment theme have added to investor enthusiasm, but these were mostly interpretive rather than new corporate disclosures. Article link
Wall Street Analysts Forecast Growth
ONDS has been the topic of several recent analyst reports. Northland Securities boosted their target price on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, March 26th. Glj Research set a $17.00 target price on shares of Ondas in a report on Tuesday, March 10th. Wall Street Zen lowered shares of Ondas from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Zacks Research upgraded shares of Ondas from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $23.00 target price on shares of Ondas in a report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $17.25.
Ondas Trading Down 0.2%
The firm has a market capitalization of $6.64 billion, a PE ratio of 330.50 and a beta of 2.56. The business has a fifty day moving average price of $9.90 and a two-hundred day moving average price of $9.85.
Ondas (NASDAQ:ONDS – Get Free Report) last released its quarterly earnings results on Monday, March 23rd. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.33). Ondas had a negative return on equity of 14.17% and a net margin of 247.85%.The business had revenue of $30.11 million for the quarter, compared to analysts’ expectations of $27.49 million. On average, equities analysts forecast that Ondas Holdings Inc. will post -0.28 earnings per share for the current fiscal year.
Insider Activity at Ondas
In other news, Director Richard M. Cohen sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total value of $71,250.00. Following the transaction, the director directly owned 264,853 shares in the company, valued at approximately $2,516,103.50. This represents a 2.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Randy Seidl sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $9.83, for a total transaction of $98,300.00. Following the completion of the transaction, the director owned 295,504 shares in the company, valued at approximately $2,904,804.32. This represents a 3.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.60% of the company’s stock.
Hedge Funds Weigh In On Ondas
Several large investors have recently made changes to their positions in ONDS. Van ECK Associates Corp acquired a new position in shares of Ondas in the 4th quarter worth approximately $71,202,000. Vanguard Group Inc. lifted its holdings in shares of Ondas by 109.9% in the 3rd quarter. Vanguard Group Inc. now owns 13,415,432 shares of the company’s stock worth $103,567,000 after acquiring an additional 7,024,549 shares during the last quarter. Two Sigma Investments LP lifted its holdings in Ondas by 1,325.9% during the 3rd quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock worth $35,267,000 after buying an additional 4,247,859 shares in the last quarter. Marshall Wace LLP acquired a new stake in Ondas during the 4th quarter worth approximately $33,473,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Ondas by 9,274.9% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,466,373 shares of the company’s stock worth $33,832,000 after buying an additional 3,429,398 shares in the last quarter. 37.73% of the stock is currently owned by institutional investors and hedge funds.
About Ondas
Ondas Holdings, Inc (NASDAQ: ONDS) develops secure private wireless networking solutions and unmanned aircraft systems tailored to mission-critical industrial applications. Its Ondas Networks division offers the proprietary FullMAX platform, a long-range, high-bandwidth broadband network designed to support real-time data transmission, remote monitoring and IoT deployments across rail, maritime and infrastructure environments. The broadband platform integrates edge-to-cloud architecture to ensure operational resilience and regulatory compliance for transportation and utility operators.
The company’s Ondas Autonomous Systems segment builds heavy-lift cargo drones and uncrewed aircraft platforms for logistics, pipeline and infrastructure inspection, emergency response and other government and commercial use cases.
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